Freetrade is a platform designed to let users invest in stock markets around the world, with zero commissions or fees. Since its successful raise on Crowdcube last year, the company has gained FCA regulatory cover and are getting ready to open accounts, with over 4,500 members on the waiting list.
Freetrade is a mobile app designed to let users invest in stock markets around the world, with zero commissions or fees.
We started Freetrade to make investing in the stock market easy and affordable.
In our opinion, stockbrokers in the UK don't serve the next generation of investors. Commissions are expensive, minimums are high and it's complicated to start investing. A 2016 survey showed 46% of Britons would like to invest in equity shares, but don't know how.
Freetrade strives to be different and mobile-first; say goodbye to jargon, complex charts, and account opening forms.
We've eliminated account minimums and will offer fractional shares too. For example, if Apple is trading at $100 you'd still be able to invest just $20.
Our basic service is completely free. Users only pay for extra features, like special accounts.
Since our Crowdcube SEIS raise in July 2016 (170% overfunded in 12 days), we have obtained FCA regulatory cover as an appointed representative, set up our capital market service providers and developed our first product for beta release.
We won Apps World London, have been backed by Octopus in their accelerator and without any ad spend, we've attracted over 4,500 members to our waiting list.
We are now raising capital to support our first year of operations.